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The time it takes a technician to fix a computer problem is exponentially distributed, with a mean of 15 minutes.
a. What is the probability density function for the time it takes a technician to fix a computer problem?
b. What is the probability that it will take a technician less than 10 minutes to fix a computer problem?
c. What is the variance of the time it takes a technician to fix a computer problem?
d. What is the probability that it will take a technician between 10 to 15 minutes to fix a computer problem?
Go To Market Strategy
A plan that outlines how a company will introduce its products or services to the market effectively.
Labor-intensive Industries
Sectors or businesses that require a large amount of labor to produce goods or services, as opposed to being heavily automated or equipment-oriented.
Availability
The extent to which a product or service is obtainable and ready for use by customers.
Cost of Labor
The total amount spent by businesses on employee wages, benefits, and payroll taxes.
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